Principles of Business and Management

PRINCIPLES OF BUSINESS AND
MANAGEMENT

Table of Contents
MAIN BODY...................................................................................................................................3
Q1 (a) Define motivation........................................................................................................3
Q1 (b) Differentiate the content and process theories of motivation.....................................3
Q1 (c) Herzberg’s two factor theory and Vroom and Lawler’s expectation theory...............3
Q4. Part A: Balance Sheet (Statement of Financial Position):...............................................6
Q4. Part B: Profit and Loss (Income Statement):...................................................................7
REFERENCES................................................................................................................................9

MAIN BODY
Q1 (a) Define motivation
Motivation is defined as an act of movement which is helpful in inducing employees
within an organisation. With the help of appropriate motivation an employee can perform in
better way and acquire organisational goals and objectives in prominent manner. Motivation
is the tool which may lead the business and employees to enhance productivity and overall
level of output.
Q1 (b) Differentiate the content and process theories of motivation
There are two types of motivational theories existed which are satisfying broad
perspectives. Content theory is associated with people and individual goals and needs so by
using content theory of motivation individual needs can be focused (Alfayad and Arif, 2017).
Besides this process theory of motivation is associated with used process of motivation within
an organisation and the ways in which motivation can be inhaled within people.
Q1 (c) Herzberg’s two factor theory and Vroom and Lawler’s expectation theory
Herzberg’s two factor theory: This theory provides two factors which are responsible to bring
motivation within an organisation or workplace. With the help of these factors best
performance can be carried out by employees and this may lead the business to touch new
business heights. Besides this these factors are playing vital role in leveraging group
performance as presence of such factors are helpful in managing group harmony and team
work in proficient manner. These two factors included in this theory are named as Hygiene
factors and Motivators.
Hygiene factors are related with certain characteristics which are existed within job and lead
to provide job satisfaction to employees in direct or indirect manner. These factors are
intangible in nature but at the same time play vital and important role in motivating
employees and taking out best out of them. Achievement, recognition, responsibility and
growth are such hygiene factor by which employees can be motivated and perform in better
way so that inhale high job satisfaction and known as hygiene factors (Sanjeev and Surya,
2016). Whereas company policies, salary, relationship between higher authorities and working
conditions are the factors those may lead an employee to face situation of job dissatisfaction
and known as Motivator factors. So in order to manage these factors emphasis over working
condition is required to put within workplace so that employee may enjoy working at that
premises and this may lead them to perform with higher productivity.